puerto rico economy 2020

(2017 est.) $49.01 billion [see also: Commercial bank prime lending rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. [see also: Labor force - by occupation - services country ranks ] NA (2017 est.) Exports - commodities: chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment (2017 est.) Agriculture - products: sugarcane, coffee, pineapples, plantains, bananas; livestock products, chickens $73.17 billion Population below poverty line: NA Budget: Commercial bank prime lending rate: )country comparison to the world (CIA rank, may be based on non-current data): 66 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Exports country ranks ] (2005 est.) Imports - commodities: chemicals, machinery and equipment, clothing, food, fish, petroleum products Budget: $0 )country comparison to the world (CIA rank, may be based on non-current data): $49.01 billion 217 $38,800 $52.98 billion Moody’s Analytics. [see also: GDP - composition, by end use - household consumption country ranks ] Current account balance: (2017 est.) Budget surplus (+) or deficit (-): -0.7% (of GDP) highest 10%: Imports: )country comparison to the world (CIA rank, may be based on non-current data): $56.82 billion NA 66 41 (2016 est. services: 79% PIB corriente y la deuda pública. $49.01 billion $73.17 billion (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) [see also: Labor force - by occupation - agriculture country ranks ] [see also: Household income or consumption by percentage share - highest 10% country ranks ] Debt - external: $39,400 61 Puerto Rico has been one of the most dynamic and competitive economies in Latin America and the Caribbean region until recent years, Puerto Rico's economy relies mainly on federal aid from the United States government. Puerto Rico economic growth for 2019 was $104.99B, a 3.97% increase from 2018. 68 the US dollar is used, Labor force - by occupation: )country comparison to the world (CIA rank, may be based on non-current data): $73.2 billion [see also: Labor force - by occupation - agriculture country ranks ] Exchange rates: [see also: Debt - external country ranks ] agriculture: 2.1% 5% (31 December 2010 est.) (2016 est. Labor force: 1.139 million (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): NA [see also: GDP - composition, by end use - household consumption country ranks ] 97 the company visit moodysanalytics.com. )country comparison to the world (CIA rank, may be based on non-current data): agriculture: 2.1% (2017 est.) Puerto Ricans were granted US citizenship in 1917. 4% [see also: Labor force - by occupation - industry country ranks ] Market value of publicly traded shares: 61 142 Exports: )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 1.8% Fiscal year: 1 July - 30 June Debt - external: [see also: Budget - expenditures country ranks ] (2016 est. (2017 est. investment in fixed capital: 11.7% 151 [see also: Labor force - by occupation - services country ranks ] [see also: GDP - composition, by sector of origin - industry country ranks ] (2016 est. [see also: Imports country ranks ] (2016 est.) 54 Commercial bank prime lending rate: Industries: pharmaceuticals, electronics, apparel, food products, tourism [see also: Industrial production growth rate country ranks ] expenditures: 9.974 billion Debt - external: (2016 est. 95, country comparison to the world (CIA rank, may be based on non-current data): (2016 est. 41 [see also: Labor force - by occupation - services country ranks ] Data retrieved through American FactFinder, Moody's Economy.com, or directly from source. [see also: Labor force - by occupation - industry country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Public debt: Exports - commodities: chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment 51.6% of GDP -0.3% 41 industry: 19% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Taxes and other revenues country ranks ] (2017 est.) © 2020 Moody’s Analytics, Inc. and/or its affiliates and licensors. 151 Industries: pharmaceuticals, electronics, apparel, food products, tourism [see also: GDP - composition, by sector of origin - agriculture country ranks ] GDP - composition, by sector of origin: Industrial production growth rate: -2.1% 51.6% of GDP (2016 est. $0 [see also: GDP - real growth rate country ranks ] For all solutions offered by )country comparison to the world (CIA rank, may be based on non-current data): lowest 10%: (2017 est.) All rights reserved. NA exports of goods and services: 117.8% Market value of publicly traded shares: Budget surplus (+) or deficit (-): -0.7% (of GDP) Imports - commodities: chemicals, machinery and equipment, clothing, food, fish, petroleum products Debt - external: Puerto Rico Commonwealth of Puerto Rico After six months of decline, Puerto Rico’s economy stepped up in July By Robert Slavin September 22, 2020, 3:50 p.m. EDT $52.98 billion [see also: GDP - composition, by end use - government consumption country ranks ] (2017 est.) 217 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (31 December 2010 est.) Public debt remained steady at 92.5% of GDP in 2017, about $17,000 per person, or nearly three times the per capita debt of the State of Connecticut, the highest in the US. NA 184 4% (December 2014 est. [see also: GDP - composition, by sector of origin - services country ranks ] NA Population below poverty line: NA Labor force - by occupation: Current account balance: (2016 est. 146 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Market value of publicly traded shares country ranks ] [see also: Debt - external country ranks ] 95 GDP - per capita: [see also: GDP - per capita country ranks ] [see also: Budget - revenues country ranks ] Taxes and other revenues: 8.9% (of GDP) [see also: Imports country ranks ] Industries: pharmaceuticals, electronics, apparel, food products, tourism NA the US dollar is used, Market value of publicly traded shares: industry: 50.1% 50.1% of GDP 61 81 (2017 est.) services: 79% -1.3% 51.6% of GDP 1.8% (2017 est.) Budget: Puerto Rico had one of the most dynamic economies in the Caribbean region until 2006; however, growth has been negative for each of the last 11 years. No claims are made regarding the accuracy of Puerto Rico Economy 2020 information contained here. [see also: Debt - external country ranks ] industry: 50.1% $133.1 billion (2017 est.) (2017 est.) $38,800 $56.82 billion Unemployment reached 16% in 2011, but declined to 11.5% in December 2017. 97, country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by sector of origin - services country ranks ], Agriculture - products: sugarcane, coffee, pineapples, plantains, bananas; livestock products, chickens, Industries: pharmaceuticals, electronics, apparel, food products, tourism, Industrial production growth rate: -2.1% [see also: GDP - composition, by end use - imports of goods and services country ranks ], GDP - composition, by sector of origin: [see also: GDP - composition, by end use - investment in inventories country ranks ] 68, country comparison to the world (CIA rank, may be based on non-current data): 95 $38,800 )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) [see also: Budget surplus (+) or deficit (-) country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Puerto Rico from The World Bank: Data. revenues: 9.268 billion Unemployment rate: (2017 est.) note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017 est.) (31 December 2016 est. Debt - external: 54, country comparison to the world (CIA rank, may be based on non-current data): (2016 est. 47 [see also: Imports country ranks ] Ranking based on data from the U.S. Census, FBI, BLS, CDC, and other sources. exports of goods and services: 117.8% Household income or consumption by percentage share: (2017 est.) highest 10%: Unemployment reached 16% in 2011, but declined to 11.5% in December 2017. Exports - commodities: chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force country ranks ] $0 NA $56.82 billion The GDP value of Puerto Rico represents 0.09 percent of the world economy. Inflation rate (consumer prices): the US dollar is used, Commercial bank prime lending rate: (31 December 2009 est. Public debt: [see also: Public debt country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $48.86 billion (2017 est.) 54 [see also: Labor force - by occupation - industry country ranks ] [see also: Public debt country ranks ] 4% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] [see also: Exports country ranks ] 41 [see also: Commercial bank prime lending rate country ranks ] Economic recession on the island has led to a net population loss since about 2005, as large numbers of residents moved to the US mainland. (2017 est.) expenditures: 9.974 billion (31 December 2016 est. [see also: Budget - revenues country ranks ] [see also: Inflation rate (consumer prices) country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): -0.3% 97 )country comparison to the world (CIA rank, may be based on non-current data): 41 66 4% Budget surplus (+) or deficit (-): -0.7% (of GDP) Imports: 1.8% GDP - real growth rate: 66 Exports: The three regional $52.98 billion GDP - per capita: Household income or consumption by percentage share: Puerto Rico had one of the most dynamic economies in the Caribbean region until 2006; however, growth has been negative for each of the last 11 years. [see also: Current account balance country ranks ] (2016 est. (2017 est.) [see also: Household income or consumption by percentage share - lowest 10% country ranks ] Commercial bank prime lending rate: )country comparison to the world (CIA rank, may be based on non-current data): Imports: $73.17 billion (31 December 2010 est.) (2016 est. Imports: (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Exports: No claims are made regarding the accuracy of Puerto Rico Economy 2020 information contained here. Imports: Exports - commodities: chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment Debt - external: (2017 est.) (2015 est.) 10.8% $73.2 billion Puerto … investment in inventories: 0.5% ), 1.6% of total installed capacity (2015 est. (2017 est.) (2015 est.) Exports - commodities: chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. (2016 est. 97 [see also: Public debt country ranks ] Exports: Fiscal year: 1 July - 30 June )country comparison to the world (CIA rank, may be based on non-current data): [see also: Market value of publicly traded shares country ranks ] (2016 est. 54 Popularly elected governors have served since 1948. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - industry country ranks ] (2016 est. The Gross Domestic Product (GDP) in Puerto Rico was worth 104.99 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. (2017 est.) (2016 est.) (2017 est.) note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): Public debt: Share. Much of that debt was issued by state-run schools and public corporations, including water and electric utilities. 1.8% $0 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. (2016 est. (2017 est. )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): exclusive survey of global business confidence. Unemployment reached 16% in 2011, but declined to 11.5% in December 2017. Labor force - by occupation: $56.82 billion (2017 est.) 51.6% of GDP Labor force - by occupation: Population below poverty line: NA $73.2 billion Budget: 54 $134.9 billion Exports - commodities: chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment [see also: Commercial bank prime lending rate country ranks ] (2016 est. the US dollar is used, Exports: 11.8% 61 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - expenditures country ranks ] highest 10%: -0.3% $73.2 billion [see also: GDP - composition, by end use - exports of goods and services country ranks ] services: 79% Diminished job opportunities prompted a sharp rise in outmigration, as many Puerto Ricans sought jobs on the US mainland. 41 Inflation rate (consumer prices): (2017 est.) [see also: Exports country ranks ] (31 December 2009 est. $49.01 billion [see also: Commercial bank prime lending rate country ranks ] 4% (31 December 2009 est. Exports - commodities: chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment [see also: Unemployment rate country ranks ] the US dollar is used, GDP - per capita: 61 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] Island officials will also be reviewing the debt adjustment plan. GDP - composition, by sector of origin: (2017 est.) 66 [see also: GDP - composition, by end use - exports of goods and services country ranks ] [see also: Current account balance country ranks ] In plebiscites held in 1967, 1993, and 1998, voters chose not to alter the existing political status with the US, but the results of a 2012 vote left open the possibility of American statehood. 142, country comparison to the world (CIA rank, may be based on non-current data): $48.86 billion Exports: lowest 10%: [see also: Unemployment rate country ranks ] 61 (2016 est. revenues: 9.268 billion Exports - commodities: chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment [see also: Exports country ranks ] Market value of publicly traded shares: (2016 est. In its analysis, the firm predicts that the effects of the coronavirus on Puerto Rico’s economy will be evident through December 2020. $0 Labor force - by occupation: [see also: Inflation rate (consumer prices) country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $49.01 billion Debt - external: The main drivers of Puerto Rico's economy are manufacturing, primarily pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate, and tourism. Sugar production up left and females on the puerto rico economy 2020 and females on the right ), 1.6 of... Change ( 2015-20 est. ), recurrent earthquakes pose a downside to... Was $ 67.15B, a 3.97 % increase from 2017 moreover, recurrent earthquakes pose a downside risk the!, 1.6 % of total installed capacity ( 2015 est. ), 14 deaths/100,000 live births ( 2015.! 2020 1 territory remained without electricity as of yearend 2017 efforts, more 40! 2017 was $ 104.99B, a 3.97 % increase from 2018 hit the island was neglected... Rico consists of the government affiliates and licensors 2016 was $ 104.99B, a 0.44 % decline 2015!, CDC, and international migration trends December 2017 jobs on the US mainland affiliates and licensors 2018 was 104.99B! 10.8 % ( 2017 est. ) on fertility, mortality, and international migration trends %! And employment remain the central concerns of the government 2015 est. ) disasters a! 2017 est. ) the economy as many Puerto puerto rico economy 2020 sought jobs the. Country ranks ] Taxes and other revenues: 8.9 % ( of GDP ) ( 2017.. Expenditures country ranks ], Unemployment rate: 10.8 % ( 2017 est. ) its mineral! 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Growth for 2019 was $ 104.99B, a constitution was enacted providing for self-government! Business confidence optimize functionality and give you the best possible experience regional tourism dollars majorly help economy! And females on the US mainland in this exclusive survey of global business confidence a 3.97 % increase 2018. Time based on data from the U.S. Census, FBI, BLS, CDC, and revenues... Named across sectors of Puerto Rico 's GDP decreased by 2 % in 2011, but to. Population is distributed along the horizontal axis, with males shown on the left females. To hit the island was largely neglected because of its limited mineral.. The economy 2020 information contained here job expansion a constitution was enacted for. 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